There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Gevo (GEVO – Research Report) and Rio Tinto Limited (RTNTF – Research Report) with bullish sentiments.
Gevo (GEVO)
In a report issued on October 31, Derrick Whitfield from Stifel Nicolaus maintained a Buy rating on Gevo, with a price target of $5.00. The company’s shares closed last Wednesday at $2.16, close to its 52-week low of $1.91.
According to TipRanks.com, Whitfield has 0 stars on 0-5 stars ranking scale with an average return of
Currently, the analyst consensus on Gevo is a Strong Buy with an average price target of $8.83.
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Rio Tinto Limited (RTNTF)
Citigroup analyst Paul McTaggart maintained a Buy rating on Rio Tinto Limited today and set a price target of A$115.00. The company’s shares closed last Tuesday at $57.57, close to its 52-week low of $55.05.
According to TipRanks.com, McTaggart is a 5-star analyst with an average return of
Rio Tinto Limited has an analyst consensus of Moderate Buy, with a price target consensus of $65.35, which is a 10.9% upside from current levels. In a report issued on October 19, Morgan Stanley also maintained a Buy rating on the stock with a A$118.50 price target.
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